Provincial Revenues

When doing GST and PST, there is a wrong way and a right way. Unfortunatly the wrong way is the fast way.

Fast Way/Wrong Way: 879.99 x 1.13 = 994.39. You can't add the tax together you have to do each tax separately. GST = 6%, PST = 7%.

We also learned that 0.599 is the same as 59.9. 0.599 is in dollars and 59.9 is in cents.

Some Important tax numbers that you will have to know them for the provincial exam. 11.5 cents/l for gas and 10.9 cents/l for diesel. You should also know that tax for cigarettes is 8 cents per cig, $16.00 per carton and 5.3 cents for loose tobacco.